What are the steps to dissolving a company if it has not traded (UK Companies House)?

Answer by: abdullah-al-naim
2 days ago
What are the steps to dissolving a company if it has not traded (UK Companies House)?
Dissolving a company that has not traded in the UK is a straightforward process when handled properly. Companies House allows companies that have not engaged in any business activities or transactions to apply for **voluntary dissolution**. Here are the steps to follow:
### Steps to Dissolve a Non-Trading Company:
1. **Ensure Eligibility for Dissolution**
– The company must not have traded, sold goods or services, or carried out any business transactions.
– There should be no unsettled debts or obligations to creditors.
– The company should not have changed its name in the last three months.
2. **Close Bank Accounts and Settle Obligations**
– Close any bank accounts and ensure all outstanding liabilities, including tax liabilities, are cleared.
3. **Distribute Any Remaining Assets**
– If the company holds assets, these should be distributed among shareholders before dissolution.
4. **Inform HMRC**
– Notify HMRC of your intention to dissolve the company to avoid unnecessary tax filing obligations.
5. **Submit Form DS01 to Companies House**
– Complete and file the **DS01 form** with Companies House. This form must be signed by a majority of the company’s directors.
– Pay the required filing fee (currently £10).
6. **Notice in the Gazette**
– Once the DS01 form is filed, Companies House will publish a notice in the **Gazette**. There is a two-month objection period for any interested parties to contest the dissolution.
7. **Final Confirmation**
– If no objections are raised, Companies House will strike the company off the register, and the dissolution will be complete.
For more detailed guidance, refer to these blogs:
– [10 Ultimate Steps to Dissolve a Company] https://businessglobalizer.com/blog/10-ultimate-steps-to-dissolve-a-company/
– [Ultimate Guide for Dissolving a Limited Company in the UK] https://businessglobalizer.com/blog/ultimate-guide-for-dissolving-a-limited-company-in-the-uk/
If you want professional assistance to ensure the dissolution process is handled correctly and efficiently, check out **Business Globalizer\’s UK Company Dissolution Service**:
– [UK Company Dissolution Service] https://businessglobalizer.com/services/uk-company-dissolution/
With the right guidance, dissolving a non-trading company can be a quick and stress-free process.